Indian securities regulator: Jane Street allowed to resume trading in India.
The Securities and Exchange Board of India (SEBI) stated on its official website that Jay Street Group Limited has deposited 48.4 billion rupees of suspected "illegitimate gains" into an escrow account as required, and therefore the organization has allowed it to resume trading in the Indian stock market. SEBI has ordered Jay Street Group to cease and desist from any fraudulent, manipulative, or unfair trading practices that may violate regulations. The commission also stated that the Wall Street firm has "confirmed its commitment to comply with this requirement". The regulatory agency had mentioned in a statement on July 14th that it is currently reviewing a request from this American trading company for easing restrictions.
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